Businesses are spending more on IT this year

As a business owner or manager, you know how important good IT is. Your business couldn’t function without it. Your IT isn’t just about computers and data. It’s everything from your phone system to your printers, to where you access your documents. And that’s without going into the measures you must take to keep your data and infrastructure safe and secure from cyber criminals.

So, we weren’t surprised by a new forecast from IT research and consultancy firm, Gartner, which predicts businesses will spend more on technology this year. In fact, global IT spend could reach an enormous $5.06 trillion in 2024. We believe there’s been a fundamental shift in the way businesses view their technology.

How the Pandemic changed the Businesses’ IT spending

Four years ago, at the beginning of the pandemic, companies had to take an unexpected urgent action to help employees work from home. In many cases that meant a large investment in devices, rapid changes to systems, and the adoption of new technology. Overall, it’s worked out well for most. Businesses have adapted quickly, and many have embraced the changes on a more permanent basis. But it’s also made business leaders realize they need to be better prepared to respond to future potential disruption.

This is the difference between a flexible and agile business versus one that stumbles at the first hurdle. Many businesses no longer see IT as a cost. They embrace it as an investment. They can see the direct correlation between creating robust, safe, and flexible systems – and enabling their teams to achieve more. Owners and managers are also placing more value on excellent, proactive technology support from a trusted partner – to not only plan and execute big development projects, but also to help reduce downtime and ensure systems are secure and running as they should be.

If you’re reviewing your spending on technology and support, we can help. Contact us.

Published with permission from Your Tech Updates.

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